A Patent Is an Example of

question 96

Multiple Choice

A patent is an example of

• A)a subsidy.
• B)a marketable permit.
• C)a voucher.
• D)a tax.
• E)a legal device for creating property rights.

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Definitions:

Utility

A measure of satisfaction, usefulness, or value that an individual or society derives from a good or service.

Consuming

The act of using up goods or services either by purchasing or utilizing them.

Maximizing

Seeking to make as large as possible; in economics, often involves actions like profit maximization or utility maximization.

Daisy

A common name for a variety of flowering plants in the family Asteraceae, known for their simple yet appealing appearance.